Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data. Bitcoin Has Witnessed…
Read more Bitcoin Plummets To $120,600: This Could Be The Next SupportThe world’s largest cryptocurrency, Bitcoin (BTC), has been consolidating over the past week, trading between $67,000 and $70,000 after experiencing a brief 20% price correction that sent it…
Read more Parabolic Rally In The Making? Bitcoin Regains $70,000 As Traders’ Paper Profits Collapse To 3%The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral…
Read more Bitcoin Coinbase Premium Returns To Neutral: Buying Push Already Over?The on-chain analytics firm Glassnode has explained that Bitcoin tends to reach a potential top when the long-term holders show this pattern. Bitcoin Long-Term Holders Have Been Ramping…
Read more Bitcoin Long-Term Holders & Price Top: Glassnode Reveals PatternOn-chain data from Glassnode shows that the Bitcoin short-term holders have recently participated in a massive $647 million profit-taking event. Bitcoin Short-Term Holders Have Realized Large Net Profits…
Read more Bitcoin Short-Term Holders Just Locked In $647 Million In ProfitsBitcoin has observed a sharp rally beyond the $47,000 level as data shows buying pressure on Coinbase has displayed no signs of letting off. Bitcoin Has Surged More…
Read more Bitcoin Blasts Off As Institutionals Continue Buying On CoinbaseAn analyst has explained that the outlook for Bitcoin should remain bullish as long as the cryptocurrency’s price remains above this level. Bitcoin Has Strong On-Chain Support Above…
Read more Bitcoin “Outlook Remains Bullish,” As Long As This Stays True: AnalystOn-chain data shows the cryptocurrency capital inflows currently look similar to December 2020, right before Bitcoin rallied from $18,000 to $65,000. Bitcoin & Ethereum Are Getting $19.7 Billion…
Read more Bitcoin Deja Vu: Capital Inflows Mirror Pre-2021 Bull Run MomentumHere’s what the data of this historical on-chain indicator suggests regarding whether Bitcoin has become overvalued after its latest uptrend. Bitcoin MVRV Z-Score Hasn’t Climbed Too High Yet…
Read more Is Bitcoin Overvalued Yet? What Historical Data SuggestsOn-chain data shows the Bitcoin SOPR hasn’t yet reached high levels that have been associated with heated bull market phases in the past. Bitcoin SOPR Has Only Seen…
Read more Bitcoin Bull Run Is Only Just Starting, According To This MetricAn analyst has explained how $47,360 could be the next target for Bitcoin if the cryptocurrency can clear the $38,500 resistance wall. Bitcoin URPD Suggests $47,360 Holds Next…
Read more Analyst Sets $47,000 Target For Bitcoin If This HappensHere’s what on-chain data says regarding if the latest Bitcoin rally has hit the overheated “euphoria” stage where past bull runs topped out. Bitcoin Percent Supply In Profit…
Read more Has Bitcoin Reached “Euphoria” Yet? What On-Chain Data Says
